2022
Exports
$5.26BWorld Rnk 5 / 223
Flag Rnk 17 / 1193
2022
PRODUCT COMPLEXITY IN Engine Parts
0.92Rnk 203 / 1025
2022
Imports
$3.67BWorld Rnk 3 / 224
Flag Rnk 23 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $5.26B in Engine Parts, making it the 5th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 17th most exported product in Mexico. The main destination of Engine Parts exports from Mexico are: United States ($4.06B), Canada ($535M), Spain ($139M), Italy ($94.5M), and Japan ($65.6M).

The fastest growing export markets for Engine Parts of Mexico between 2021 and 2022 were United States ($544M), Canada ($125M), and Spain ($45.6M).

Imports In 2022, Mexico imported $3.67B in Engine Parts, becoming the 3rd largest importer of Engine Parts in the world. At the same year, Engine Parts was the 23rd most imported product in Mexico. Mexico imports Engine Parts primarily from: United States ($1.74B), China ($500M), South Korea ($281M), Brazil ($240M), and Germany ($237M).

The fastest growing import markets in Engine Parts for Mexico between 2021 and 2022 were United States ($179M), China ($90.8M), and South Korea ($34.4M).

COMPANIES In 2023, leading companies such as Ford Motor Company (480), Robert Bosch (25), and ZF Friedrichshafen (10) were at the forefront of shipping Engine Parts from Mexico to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Engine Parts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.26B
IMPORTS (2022)$3.67B
NET TRADE (2022)$1.58B

In 2022, Mexico exported $5.26B in Engine Parts. The main destinations of Mexico exports on Engine Parts were United States ($4.06B), Canada ($535M), Spain ($139M), Italy ($94.5M), and Japan ($65.6M).

In 2022, Mexico imported $3.67B in Engine Parts, mainly from United States ($1.74B), China ($500M), South Korea ($281M), Brazil ($240M), and Germany ($237M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$544M (15.5%)
Canada$125M (30.6%)
Spain$45.6M (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Mexico WERE (2021 - 2022):
South Korea-$38.6M (-47.5%)
Russia-$16.1M (-100%)
Japan-$11.7M (-15.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Engine Parts were:
China $7.96B
Japan $6.08B
In 2022, Mexico's main importing competitors in Engine Parts were:

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $230M
TOP IMPORT POTENTIALChina+ $85.1M

Engine Parts’s highest export potential is United States. With an export gap of $230M.   Engine Parts’s highest import potential is China with an import gap of $85.1M.

See methodology.

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